International Tower Hill Mines Ltd T.ITH

Alternate Symbol(s): THM

Metals & Mining Gold

International Tower Hill Mines Ltd. is a Canada-based company. The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. The Company has a 100% interest in its Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska. The Livengood property is located in the Tintina gold belt approximately 70 miles (113 kilometers) northwest of Fairbanks, Alaska. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company. Its subsidiaries include Tower Hill Mines, Inc., Tower Hill Mines (US) LLC, and Livengood Placers, Inc.

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International Tower Hill Mines Ltd

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Comment by CovieNRAon Mar 29, 2011 11:24am

312 Views

Post# 18355314

RE: RE: Intersects Additional Zones of Higher Grad

Actually the news release from last year with the PEA stated that with a POG of $1300, the IRR was 60%. With the drill results since then and the POG at $1400, I would tend to think the IRR should be higher - even with the increase in energy costs.

I would definitely think that their next step would be a revised PEA / N43-101 document stating the current MII resource estimates at a 0.50 cutoff grade. I would agree that they should easily be at 20 million ounces now.

So, after they do that - THIS STOCK SHOULD GO BACK TO $10+ AND STAY THERE! If it doesn't, I call manipulation, trading illegality, or something - because anyone with two brain cells of finance knowledge would know it should be north of $10.

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